Transparent Conductive Films Market is Expected to Grow at a CAGR of 12.2% from 2021 to 2030

The global transparent conductive films market size has been estimated at USD 4,867.2 million in 2021 and is projected to register a CAGR of 12.2% during the forecast period, according to a new report by Quince Market Insights. The demand for transparent conductive films (TCF) has increased, as the use of touch user interface (UI) in handheld and other devices have increased. The potential for market growth has been expanded by technological advances and the growing popularity of such consumer devices for personal and commercial use. Additionally, the growing demand for tablet PCs and notebooks will propel the market forward during the forecast period.

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The primary market for transparent conductive films is touch displays, and a key trend in the display industry has been an increase in the usage of robust, flexible, and rollable screens. This technology has been in the making for several years, and it is now ultimately on the tip of commercial success.

Displays and photovoltaic systems also have a lot of growth potential, which will provide a major impetus to the transparent conductive films market in the future. TCF applications in displays and photovoltaic technologies have a lot of opportunities in the coming years. Another emerging technology is the adoption of silver nanowires in low-cost electronic devices, which will generate opportunities for the market in the near future. Thus, these factors are expected to drive the market during the analysis period. Indium tin oxide is an essential transparent conducting material that is used in touchscreen applications as indium is a scarce commodity, which results in high prices of indium and can restrain the growth of the market.

Some Significant Market Developments Considered in the Report:

• July 2020 - Nitto Denko Corporation (Japan) developed ultra-thin glass with polarizing film using a roll-to-roll process with excellent continuous productivity, in collaboration with Nippon Electric Glass Co Ltd. By integrating NEG's ultra-thin glass G-LeafTM and Nitto's broad range of high-performance polymer films, the two companies have developed new materials with novel functions.

• May 2015 - C3Nano collaborated with Nissha Printing Co Ltd to create the next-generation silver nanowire (AgNW) transparent inks using C3Nano's ActiveGrid technology.

Global Transparent conductive films Market, by Material Type

Based on the material type, the market is segmented into indium tin oxide (ITO), metal mesh, silver nanowires, carbon nanotubes, and others.
The carbon nanotubes segment is expected to have fast growth in the market during the forecast period.

Carbon nanotubes (CNT) are well-suited for virtually any application requiring high strength, durability, electrical conductivity, thermal conductivity, and lightweight properties. CNTs are primarily used as synthetic additives. The mentioned properties of CNT are thus significantly contributing to the market growth during the analysis period.

Global Transparent Conductive Films Market, by Application

On the basis of application, the market is segmented into smartphones, tablets, notebooks, liquid crystal displays (LCDs), wearables devices, and others. The wearable devices segment is expected to witness the fastest gro

The growing use of wearable devices like smartwatches by the elderly population, coupled with the various advancement in smartwatches, will drive the growth of this segment. According to a Rock Health survey on digital health adoption, wearable usage surged substantially in 2019 and reached 33%, from 24% in 2018. This, in turn, will increase the demand for transparent conductive films for manufacturing wearable devices and thereby, drive the growth of the global market.

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Global Transparent conductive films Market, by Region

Based on regions, the market is segmented into North America, Asia Pacific, Europe, Middle East & Africa, and South America. The Asia Pacific is projected to observe the fastest growth in the market during the forecast period.

Asia Pacific's growth can be due to a surge in the number of electronic device manufacturers in China and Japan, as well as an increase in demand for electronic devices in other Asian countries. In South Korea, around 93.6% of the population used a smartphone in 2019. Thus, an increase in the use of smartphones is anticipated to drive the growth of the market in South Korea. This, in turn, is playing a major role in the growth of the Asia Pacific transparent conductive films market.

Some Major Findings of the Transparent conductive films Market Report Include:

• Major global market trend and forecasts analysis along with a country-specific market analysis for up to 25 countries

• An in-depth global transparent conductive films market analysis by the aforementioned segments, along with an analysis of trend-based insights and factors

• Profiles of major market players operating in the global transparent conductive films market, which include TDK Corporation (Japan), Gunze Limited (Japan), Toyobo Co., Ltd (Japan), Teijin Limited (Japan), Nitto Denko Corporation (Japan), Cambrios Technologies Corporation (U.S.), Blue Nano Inc (U.S.), Canatu Oy (Finland), Dontech Inc (U.S.), C3Nano (U.S.)

• Competitive benchmarking, product offering details, and growth strategies adopted by the leading market players, along with their major investments in the last five years

• Key impact factor analysis across regions that includes analysis, along with the drivers, restraints, opportunities, and challenges that are prevailing in the global transparent conductive films market

• Impact of COVID-19 on the global transparent conductive films market

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